Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 20, 2015
Where after filing of return, any agreement of sale gets cancelled and assessee files revised return declaring NIL income then no hypothe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 18, 2015
A TO Z OF INCOME TAX PROVISIONS Tax laws are like a web. The more you try to understand it, you find more getting tangled into. For a lay...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 16, 2015
Missed out sending of ITR V for AY 2013-14 and 2014-15? Then you have still time to send the same. CBDT through Notification No. 1/2015 h...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 9, 2015
The changing trend of growth in India is the major reason of increasing foreign capital. Earlier stock market was the sole route for inve...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 6, 2015
Clubbing of income is done when an assessee is taxed in respect of income of others. The intention behind this is to make sure that no in...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 4, 2015
Introduction of Section 44AD has simplified taxation for small businesses. However, when it comes to taxation, nothing is ever simplified...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 2, 2015
Earlier, what retail stores were to us and few years back what malls were to us, in the same way today MARKETPLACES are to us. If we comp...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 30, 2015
Employee Provident Fund (EPF) is one of the important platforms of savings in India almost for all people working in Government and Priva...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 29, 2015
With simplified Income Tax Return, Income Tax Department is in a plan to provide more simplicity to taxpayers. As already mentioned in ou...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 29, 2015
Sale or transfer of any capital assets shall be charged under the head Capital Gain only if assessee has legal right or title over the pr...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 20, 2015
In a case it was held that provision of section 194C shall be applicable only when there is contractual obligation. Hence, payments made ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 19, 2015
The Tribunal in a case clarified that ‘assessee aggrieved’ shall be the person who is an aggrieved party liable to pay tax in...